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Stock Market & Financial Investment News

News Breaks
July 29, 2014
06:11 EDTUBSUBS says 'responding to inquiries' on dark pools
UBS says it is responding to inquiries concerning the operation of UBSís alternative trading system and its securities order routing and execution practices from various authorities, including the SEC, the New York Attorney General and Finra, who reportedly are pursuing similar investigations industry-wide. These inquiries include an SEC investigation that began in early 2012 concerning features of UBSís ATS, including certain order types and disclosure practices that were discontinued two years ago. UBS is co-operating in these matters. In addition, UBS is among dozens of defendants, including broker dealers, trading exchanges, high-frequency trading firms, and dark pool sponsors, named in putative class actions pending in New York federal court, which have been filed on behalf of purchasers and sellers of equity securities. The lawsuits allege principally that the defendantsí equities order handling practices favored high-frequency trading firms at the expense of other market participants, in violation of the federal securities laws.
News For UBS From The Last 14 Days
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March 27, 2015
09:37 EDTUBSGoldman Sachs overtakes JPMorgan in commodities rankings, Reuters says
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March 23, 2015
06:21 EDTUBSUBS in discussions to lease space from RBS in Connecticut, WSJ reports
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March 18, 2015
07:20 EDTUBSU.S. considers 'tearing up' non-prosecution deals with banks, Bloomberg says
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March 17, 2015
14:37 EDTUBSCiti, Barclays near $800M settelement of forex suit, WSJ says
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March 16, 2015
14:08 EDTUBSEU regulator says time for fine-tuning, Reuters says
The Basel Committee on Banking Supervision believes the necessary bank regulatory framework is in place though some additional work must be done to finalize leverage ratio and capital floor rules, Reuters reported yesterday, citing statements by secretary-general William Coen at a financial conference in Doha. Coen added, "We're now at the state where we can take a step back and look to see how [the regulations] fit together," cautioning that further analysis must be data-driven but admitting that both banks and regulatory bodies were feeling "regulation fatigue." Publicly traded companies in the space include Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), RBS (RBS) and UBS (UBS). Reference Link

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